Growth & profitability
- Revenue has grown 48.9% per year over the past 3 years.
- Operating margin has expanded, at 20.1% in the latest year.
RDDT Financials Reddit, Inc.
4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2.2B | $530M | 91.2% | 20.1% | $684M | — | $954M |
| 2024 | $1.3B | -$484M | 90.5% | -43.1% | $216M | — | $562M |
| 2023 | $804M | -$91M | 86.2% | -17.4% | -$85M | — | $401M |
| 2022 | $667M | -$159M | 84.3% | -25.8% | -$100M | — | $436M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $663M | $204M | 91.5% | 27.6% | $311M | — | $1.4B |
| Dec '25 | $726M | $252M | 91.9% | 31.9% | $264M | — | $954M |
| Sep '25 | $585M | $163M | 91.0% | 23.7% | $183M | — | $912M |
| Jun '25 | $500M | $89M | 90.8% | 13.6% | $111M | — | $734M |
| Mar '25 | $392M | $26M | 90.5% | 1.0% | $127M | — | $636M |
| Dec '24 | $428M | $71M | 92.6% | 12.4% | $89M | — | $562M |
| Sep '24 | $348M | $30M | 90.1% | 2.0% | $70M | — | $516M |
| Jun '24 | $281M | -$10M | 89.5% | -11.0% | $27M | — | $468M |
| Mar '24 | $243M | -$575M | 88.6% | -242.5% | $29M | — | $969M |
| Dec '23 | $250M | $19M | 88.4% | 1.2% | -$22M | — | $401M |
| Sep '23 | $208M | -$7M | 87.3% | -9.4% | -$12M | — | $434M |
| Jun '23 | $183M | -$41M | 84.2% | -29.0% | -$55M | — | $440M |
| Mar '23 | $164M | -$61M | 83.6% | -43.1% | $4M | — | $525M |
Valuation over time
How the market has priced RDDT against its own fundamentals since 2024-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 83.0× (Dec '25) to 57.1× (Jun '26).
- The price-to-sales ratio has risen from 11.4× (Mar '24) to 13.7× (Jun '26).
P/E
P/S
Frequently asked questions
Is RDDT growing its revenue and profit?
Over the past 3 years, Reddit, Inc.'s revenue has grown 48.9% per year. These are computed facts, not advice.
How much debt does RDDT have?
As of FY2025, Reddit, Inc. reported — of total debt against $954M of cash.
What is RDDT's profit margin?
In FY2025, gross margin was 91.2%, operating margin 20.1%, and net margin 24.1%.
What is RDDT's P/E ratio?
As of Jun '26, Reddit, Inc. traded at a price-to-earnings ratio of about 57.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.